GBPNZD Short *HIGHER TIMEFRAME TREND BROKEN*
Updated
Resistance at 2.0 held strong (daily double top)
Daily TL broken and retested.
4hr timeframe maintaining a lower high and rejecting TL
Looking to short down to new lower lows and then long term support at 1.83500
Daily TL broken and retested.
4hr timeframe maintaining a lower high and rejecting TL
Looking to short down to new lower lows and then long term support at 1.83500
Comment
Trade entered, moved to entry at +70pips and then immediately reversed out of the trade. A lot of fundamental price spiking on GBP at this time. It appears long positions are the ones to hold
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